IN 1978 JAMES
AND SUSAN MCDOUGAL ALONG WITH THE CLINTONS BORROW $203,000 TO BUY 220 ACRES OF
LAND. THEY FORM THE WHITEWATER DEVELOPMENT CORP. IN HOPES OF DEVELOPING
THE LAND FOR VACATION HOMES.

PRO 2

IN 1982
MCDOUGAL BUYS A SMALL SAVINGS AND LOAN AND NAMES IT MADISON GUARANTY.

PRO 3

IN 1983 SUSAN
MCDOUGAL WROTE A MEMO ON A $5,081 CHECK DRAWN ON HER HUSBANDS ACCOUNT AND SIGNED
OVER TO MADISON GUARANTY.

THE MEMO SAID "PAYOFF
CLINTON"

PRO 4

IN 1986 JAMES
MCDOUGAL GETS AN ILLEGAL $300,000 LOAN FROM A COMPANY OWNED BY DAVID HALE,
a former Little Rock judge, PART OF WHICH WENT TO HELP WHITEWATER
DEVELOPMENT CORP. HALE'S COMPANY WAS SUPPOSE TO LEND MONEY FROM THE
SMALL BUSINESS ADMINISTRATION TO DISADVANTAGED BUSINESS OWNERS. LATER
INVESTIGATIONS ALLEGE HE LENT UP TO 3 MILLION TO POLITICAL FIGURES.

PRO 5

IN 1988 Madison
Guaranty collapses after a series of bad loans. The federal government shuts it
down and spends $60 million bailing it out.

James
McDougal is indicted on federal fraud charges DO to his management of a Madison
real estate subsidiary.

CON 5.1

IN 1990 McDougal
is acquitted.

PRO 6

IN 1992 The
Federal Resolution Trust Corp., investigating Madison's failure, sends a
referral to the Justice Department that names the Clintons as "potential
beneficiaries" of illegal activities at Madison.

PRO 7

WHITEWATER
DEVELOPMENT CORP. did
poorly and WAS finally dissolved in 1992. the Clintons reportED a net loss of
more than $40,000.

PRO 8

IN JUNE 1993 Deputy
White House Counsel Vincent Foster files three years of delinquent Whitewater
tax returns.

PRO 9

IN JULY 1993 Foster
is found dead OF AN APPARENT suicide. Federal
investigators are not allowed IN Foster's office immediately, but White House
aides enter Foster's office shortly after his death, giving rise to speculation
that files were removed from his office.

PRO 10

IN SEPTEMBER
1993 First of three meetings in
which Treasury Department officials tip off Clinton aides about the RTC
investigation.

PRO 11

IN OCTOBER 1993
RTC's criminal referral is
rejected BY A U.S. attorney in Little Rock, and former law student of Bill
Clinton.

PRO 12

IN DECEMBER
1993 The White House agrees to turn over
Whitewater documents to the Justice Department, which had been preparing to
subpoena them. TheY include files found in Foster's office.

PRO 13

IN MARCH 1994 Webster
Hubbell resigns as associate attorney general after allegations are MADE about
his conduct at the Rose Law Firm. Two of Clinton's top political advisers call
business friends and line up CONSULTING JOBS FOR more than $500,000 for Hubbell, including $100,000
from the Lippo Group. SOME CALL THIS HUSH MONEY. Hubbell is later convicted of
fraud and serves 18 months in jail.

CON 14

IN
THE SUMMER OF 1994 The House and Senate Banking committees begin hearings on
Whitewater. Twenty-nine Clinton administration officials are subpoenaed or
testify at congressional hearings. All are cleared of any wrongdoing.

CON 15

AUGUST
10,1994 The House Banking Committee finishes
its examination and finds no illegalities,
IT WAS chaired by Republican Jim Leach of Iowa, .

PRO 16

AUGUST 17,1994 A
grand jury charges James and Susan McDougal and Arkansas Gov. Jim Guy Tucker
with bank fraud relating to questionable loans.

PRO 17

DECEMBER
12,1995 White House associate
counsel William H. Kennedy III, who worked at the Rose Law Firm, refuses to
release subpoenaed notes of a 1993 meeting between administration officials and
the president's lawyers about Whitewater.

PRO 18

DECEMBER
20,1995 The Senate votes along party lines to enforce the subpoena. The next
day, the White House drops its claim to attorney client privilege and releases
the notes. They prove vague and do not reveal any illegality, but contain the
phrase "Vacuum Rose law files WWDC Docs – subpoena."

PRO 19

JANUARY
4,1996 Hillary Clinton's Rose Law Firm billing records are found on a table in
the White House residence book room after two years. SEE Castle Grande

PRO 20

JANUARY
22,1996 Republicans suggest
billing documents may have been withheld to disguise how much work Hillary
Clinton had done for Madison Guaranty. Kenneth
Starr subpoenas Hillary Clinton to determine if records were intentionally
withheld. This is the first time a wife of a sitting president has been
subpoenaed.

PRO 21

APRIL
22,1996 David Hale, the former owner of a government-funded lending company
testifies at Whitewater trial that in early 1985 then governor Bill Clinton
pressured him to make a fraudulent $300,000 loan to Susan McDougal and asked
that his name be kept out of the transaction.

CON 21.1

DAVID HALE MAY HAVE BEEN PAID
THOUSANDS OF DOLLARS BY PEOPLE WORKING FOR THE AMERICAN SPECTATOR ON
ANTI-CLINTON PROJECTS FUNDED BY BILLIONAIRE RICHARD MELLON SCAIFE. IN JUNE 1998 Former
Justice Department lawyer Michael Shaheen has been named to INVESTIGATE
allegations that key Whitewater witness David Hale was receiving cash from
Clinton bashers in exchange for his testimony.

CON 21.2

AN
older brother of Whitewater witness DAVID HALE, MAY HAVE BEEN
pressured to lie to federal law enforcement authorities during the late
summer and early fall of 1993. IT BEEN REPORTED THAT David Hale asked his
brother to falsely corroborate allegations of illegal misconduct by President
Clinton.

PRO 22

APRIL
28,1996 Clinton testifies on videotape as a defense witness. He denies Hale's
charge. The tape is played to the Whitewater trial jury on May 9.

PRO 23

MAY
26,1996 Gov. Tucker and the McDougals are convicted of nearly all the fraud and
conspiracy charges lodged against BY Starr,
10 months earlier

PRO 23

JUNE
18,1996 The Senate Whitewater committee finishes its investigation. Republicans
and Democrats Are divided in their reports on whether the Clintons committed any
ethical breaches.

PRO 24

AUGUST 20,1996 SUSAN MCDOUGAL IS
SENTENCE TO TWO YEARS IN PRISON FOR HER ROLE IN GETTING $300,000 ILLEGAL LOAN.

PRO 25

SEPTEMBER 4,1996 SUSAN MCDOUGAL IS
SENT TO JAIL FOR CONTEMPT OF COURT. SHE TAKES JAIL INSTEAD OF TESTIFYING
ABOUT THE CLINTONS INVOLVEMENT WITH WHITEWATER.

PRO 26

IN
1998 Witnesses from the Rose Law Firm say Hillary Clinton requested the
destruction of MADISON GUARANTY
land contract files.